Sell Tatamotors future below 295 tg
291,284 sl 299
Buy ICICI Bank future above 1172 tg
1188,1202 sl 1166
NIFTY OUTLOOK FOR TOMORROW
As
we have predicted nifty just closed near 6000 and also sustained above 5950
throughout the day Nifty advanced 26.50 points to 5,930, its highest closing
level since 11 March 2013. The index hit a high of 5,962 in intraday trade. The index hit a low of
5,867 in intraday trade. Technically, the above
formation suggests the short term uptrend might have lost its trendiness
somewhat and we need to be vigilant on the subsequent price movement. For
anybody holding short term long positions it would be prudent to book some
profits at the very least....
Watch out for levels between 5900and 5880—this is
the most critical support zone for the day, if it were to be taken out on high
volume and large position building in the derivative segment expect further
selling to happen book profits on short term and/or intraday long positions for
sure.If the Nifty were to move up, beyond 5968, the range between 5970
and 5990 would be a strong supply zone and then again from 6010 through 6020
would be another, if the psychologically important signpost of the 6000-mark is
taken out.More about intraday tips on google +
RESISTANCE:5950,5990, 6010
SUPPORT: 5950,
5920, 5900
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MCX Tips
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